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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Jerry Miller who wrote (1686)5/5/1999 9:56:00 AM
From: Rocky Reid  Read Replies (1) of 2414
 
NTBK Collapsing as we speak, down $15 so far...and dropping like an Anvil.

THere are stocks which are completely overvauled. NTBK is one of these. NTBK got caught up in all of the Hype, amd now the Hype has moved elsewhere to other sectors. There is nothing to keep NTBK from falling below $100. There are very little Earnings. There is a sky-high PE ratio.

In a few years. NTBK might be worth its present valuation. But that's a big "If." One has to only look at the sad sad world of IOM (Iomega Corp.) to see what I mean about a stock getting ahead of itself.

NTBK = IOM? Sure looks that way to me.
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